technicolor - 2018 Registration document
6 FINANCIAL STATEMENTS NOTE 3 INFORMATION ON OPERATIONS
Entertainment Services
Connected Home
Corporate & Other (2)
Total
Year ended December 31, 2017*
(in million euros)
Statement of operations items Revenues
1,790
2,419
44
4,253
Intersegment sales
-
-
-
-
Earning before Interest & Tax (EBIT) from continuing operations
38
20
(18)
40
Of which: Net impairment losses on non-current operating assets
(1)
(8)
-
(9)
Restructuring costs
(14)
(22)
(7) (1) (4) (3) (3)
(43)
Other income (expenses) Depreciation & amortization
(8)
(2)
(11)
(150)
(86)
(240)
Other non-cash items (1)
(5)
10
2
Adjusted EBITDA
216
128
341
Statements of financial position items Segment assets
1,493
1,376
157
3,026
Unallocated assets
686
TOTAL CONSOLIDATED ASSETS
3,712 1,987 1,386 3,373
Segment liabilities Unallocated liabilities
527
1,057
403
TOTAL CONSOLIDATED LIABILITIES
Other information Net capital expenditures
(69) 557
(74)
(3) 88
(146)
Capital employed
25
670
Mainly variation of provisions for risks, litigations and warranties. (1) Following the presentation of the Patent Licensing business and Reseash & Innovation activity as Discontinued Operations, “Trademark Licensing” has been included in the (2) Corporate & Other segment. 2017 amounts are re-presented to reflect the impacts of Discontinued Operations (see note 12). *
The following comments are applicable to the two tables above: the caption “Adjusted EBITDA” corresponds to the profit (loss) from • continuing operations before tax and net financial income (expense), net of other income (expense), depreciation and amortization (including impact of provision for risks, litigation and warranties); the captions “Total segment assets” and “Total segment liabilities” • include all operating assets and liabilities used by a segment. the caption “Unallocated assets” includes mainly financial assets, • deferred and income tax assets, cash and cash equivalents and assets classified as held for sale;
the caption “Unallocated liabilities” includes mainly the financial debt, • deferred and income tax liabilities and liabilities classified as held for sale; the caption “Net capital expenditures” includes cash used related to • tangible and intangible capital expenditures, net of cash received from tangible and intangible asset disposals; The caption “Capital employed” is defined as being the aggregate of • both net tangible and intangible assets (excluding goodwill), operating working capital and other current assets and liabilities (except for provisions including those related to employee benefits, income tax, payables on acquisition of companies and payables to suppliers of PPE and intangible assets).
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TECHNICOLOR REGISTRATION DOCUMENT 2018
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